The National Bank of Egypt (NBE) will offer two certificates of deposit (CDs) at a 16% interest rate (three-year maturity) and 20% (18-month maturity), an official source at the bank said.
The new figures were announced after the Central Bank of Egypt officially liberalized the exchange rate of the Egyptian pound earlier, the source told MENA.
The two certificates will have monthly and quarterly revenues, respectively, the source added.
According to the NBE website, the exchange rate of the US dollar hit EGP 13.1 for purchase and EGP 13.5 for sale.
GMT 20:12 2017 Wednesday ,22 March
US dollar exchange rate stable in morning tradingGMT 19:39 2017 Tuesday ,21 March
US dollar exchange rate stable in morning tradingGMT 21:38 2017 Monday ,20 March
Dollar price exceeds EGP 18 at banksGMT 21:09 2017 Thursday ,16 March
US dollar exchange rate stable in morning tradingGMT 21:41 2017 Wednesday ,15 March
Dollar stands at EGP 17.90 for buying, EGP 18 for selling at NBEMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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